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Company News

BUZZ-Canadian Solar's dour forecast weighs on solar stocks

** U.S. solar stocks tumble after Canadian Solar cuts FY 2018 total shipments and revenue forecast

** Sunworks plunges 20 pct, Enphase Energy was off 5 pct

** First Solar, Solaredge Technologies, Sunrun Inc, SunPower Corp fall between 2-3 pct

** U.S.-listed shares of Chinese solar companies also down: JinkoSolar Holding 8 pct, Daqo New Energy Corp and ReneSola Ltd 1.2 pct

** On Monday JinkoSolar’s Q2 profit missed estimates and company reported a dip in shipments in the quarter

** Including session declines, this year CSIQ and FSLR down ~23 pct, SUNW 34 pct, SPWR 20 pct (Reporting by Brijesh Patel and Medha Singh in Bengaluru)

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